Wireless Firms Will Be Freed
From NextWave Auction Bids

By

Yochi J. Dreazen and

Jesse Drucker Staff Reporters of The Wall Street Journal

Updated Sept. 12, 2002 3:48 p.m. ET

WASHINGTON -- In a move with big implications for the battered wireless industry, federal regulators have decided to free major carriers of their obligation to potentially fork over the $16 billion they bid in an ill-fated spectrum auction, according to people familiar with the matter.

The Federal Communications Commission could release an order seeking public comment on a range of options for resolving the issue as early as Thursday,...